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12th Standard Economics English Medium Free Online Test Creative One Mark Questions with Answer Key - Part Two

12th Standard EM

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Economics

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. Assertion (A): Consumption is influenced by demonstration effect.
    The consumption standards of low income groups are influenced by the consumption standards of high income groups.

    (a)

    Both A and R are true and R is the correct explanation of A.

    (b)

    Both A and R are true but R is not the correct explanation of A

    (c)

    A is true but R is false.

    (d)

    A is false but R is true.

  2. Money is the most liquid form of______

    (a)

    revenue

    (b)

    capital

    (c)

    both 'i and 'b

    (d)

    none of the above

  3. ATM's transformed the bank tech systemjwhen they were first introduced in_________

    (a)

    1960

    (b)

    1966

    (c)

    1963

    (d)

    1967

  4. Which of the following is not a scheme of Electronic Banking?

    (a)

    debit cards

    (b)

    demand draft

    (c)

    credit cards

    (d)

    Internet banking.

  5. Assertion (A): Banks issue traveler’s cheques to individuals for traveling outside the country.
    Reason (R): Traveler’s cheques are the safe and easy way to protect money while traveling.

    (a)

    Both A and R are true and R is the correct explanation of A.

    (b)

    Both A and R are true but R is not the correct explanation of A.

    (c)

    A is true but R is false.

    (d)

    A is false but R is true.

  6. The International Bank for reconstruction and development otherwise called _______.

    (a)

    SBI

    (b)

    RBI

    (c)

    World Bank

    (d)

    ICICI

  7. What was the name of the conference that laid the foundations for the creation of the WTO, the IMF and the World Bank Group?

    (a)

    The Doha Conference

    (b)

    The Bretton woods Conference

    (c)

    The Tokyo Protocol

    (d)

    The Shangai Summit

  8. The major objectives of public expenditure are .......

    (a)

    Economic Growth

    (b)

    Maintenance of Defence

    (c)

    Social Welfare

    (d)

    All of the above

  9. Assertion (A): There is a circular relationship between human development and economic growth.
    Reason (R): A healthy, educated and skilled labour force is the most important productive asset.

    (a)

    Both A and R are true and R is the correct explanation of A.

    (b)

    Both A and R are true but R is not the correct explanation of A.

    (c)

    A is true but R is false

    (d)

    A is false but R is true

  10. The correlation coefficient may assume any value between ________ and _______ ?

    (a)

    0 and 1

    (b)

    -∞ and ∞

    (c)

    0 and 8

    (d)

    -1 and 1

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